The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Milind Padole
AFFORDABLE · price
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Mr. Milind Manohar Padole, Promoter and Managing Director of Affordable Robotic & Automation Limited (ARAPL), sold 35,000 equity shares (0.31% of total share capital) through an open market transaction on September 22, 2025. After the sale, his individual holding in the company stands at 32,42,075 shares, or 28.83%, down from 29.14% earlier. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The promoter has stated that the sale proceeds will be extended as an interest-free loan back to ARAPL, which will use the funds to make a further investment in its subsidiary, ARAPL RaaS Private Limited. No encumbered shares (pledge/lien) are involved in this transaction.
The sale is small (0.31%) and is being recycled back into the company as an interest-free loan for subsidiary investment rather than being a promoter exit, so the impact on shareholders is largely neutral. Promoter holding remains comfortably below 50% at 28.83% post-transaction.